Entertainment Stocks: Disney Will Buy Marvel Comics for $4 Billion
Stock market activity continues to be sluggish in most sectors but we are now starting to see more activity in the consumer entertainment sector. This month, we learned that Walt Disney Co. (NYSE:DIS) will buy Marvel Comics for $4 billion in a move to diversify its content base. The company hopes to expand its outreach in age demographics in order to shield against potential declines in other areas of its businesses.
More recent news of sexual misconduct from one of Marvel’s founding members, Stan Lee, could impact the timing of the deal, according to analysts. Disney has had a much-storied run over the last year, and the injection of negative media headlines could prove to be ill-timed as far as the investor outlook is concerned.